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HomeMy WebLinkAboutFIN 01-21 Report to Council Report Number: FIN 01-21 Date: January 25, 2021 From: Stan Karwowski Director, Finance & Treasurer Subject: Council Budget Meeting Dates - File: A-2000-001 Recommendation: 1. That Report FIN 01-21 of the Director, Finance & Treasurer be received; 2. That the 2021 Budget Meeting Dates, previously approved through Resolution #442/20, be changed to March 4 and 5, 2021; and, 3. That the City Clerk be directed to give notice of the new meeting dates on the City’s website. Executive Summary: In October of last year, Council approved the “2021 Committee and Council Meeting Schedule”. This schedule included two dates (February and April) for the approval of the 2021 Budget. At this time, staff seek Council’s approval to revise the 2021 Council Budget meeting dates to reflect March 4th and if required March 5th. At this current time, it appears that these budget meetings will be on a virtual or electronic basis. Staff are in the process of revising the budget documents to facilitate an electronic meeting format. Financial Implications: No direct financial implications. Discussion: In the spirt of openness, transparency and accountability, the adoption and posting of the annual Committee and Council Schedule is an important exercise to ensure as much advance notice is provided to the public for upcoming Committee and Council Meetings. Accordingly, Council approved the 2021 Committee and Council Meeting Schedule appended to report CLK 03-20 at a meeting of Council in October 2020. Tentative Budget meetings dates for the 2021 Budget were reflected in the Meeting Schedule to be February 11 and 12, 2021 (or April 15 and 16, 2021 ). At this time, staff request the approval of Council to remove February 11 and 12, 2021 (or April 15 and 16, 2021) as tentative budget meeting dates and replace it with March 4 and 5, 2021 as the confirmed 2021 Budget meeting dates. FIN 01-21 January 25, 2021 Subject: Council Budget Meeting Dates Page 2 ______________________________________________________________________ Excluding last year, the Federal Government’s budget date has been around the last week of February. With the City adopting this later date, any possible federal government grant announcements can be captured in the 2021 Capital Budget to ensure that the City has included the capital project candidates that can meet the grant criteria . Members of Council may recall that for the 2009 Budget, staff added or changed the Capital Budget to take advantage of two federal government grant announcements: Building Canada Fund Communities Component Intake Two and Infrastructure Stimulus Fund. Attachments: None Prepared/Approved/Endorsed By: Original Signed By: Stan Karwowski Director, Finance & Treasurer Recommended for the consideration of Pickering City Council Original Signed By: Marisa Carpino, M.A. Interim Chief Administrative Officer